Akinwumi Adesina, the President of the African Development Bank (AfDB), has said Africa imports between 70-80% of its medicines. Adesina made this revelation while accepting the...
The All-Share Index (ASI) breaks 100,000 points to set a new record despite the growing economic uncertainty. The ASI’s ascent reflects a resurgence of investor confidence...
Nigeria is confronting a looming passport scarcity as thousands of passport booklets remain stranded in warehouses across the country due to a cash crunch and bureaucratic...
The Transmission Company of Nigeria (TCN) has disclosed that 60% of metered customers bypass meters. Ali Ahmad, TCN’s General Manager, shared this alarming statistic during the...
Nigeria’s foreign exchange inflow surged to $1.3 billion in February 2024, according to data released by the Central Bank of Nigeria (CBN). The increase represents an...
As of March 8th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,590 NGN in the black...
In a bid to boost start-up capital and place more resources at the disposal of aspiring young entrepreneurs in Nigeria, retail lender, Unity Bank Plc has increased...
The Nigerian Exchange Limited (NGX) closed in the green on Wednesday as the stocks of Transcorp Power Plc, Transnational Corporation and FBN Holdings Plc led gainers...
Egypt and the International Monetary Fund (IMF) have finalized a landmark agreement totaling $8 billion. The deal marks a critical juncture for Egypt’s economic stability amidst...
Renowned Nigerian business magnate Tony Elumelu has called for urgent government intervention to revitalize Nigeria’s struggling power sector. Elumelu, whose conglomerate controls a significant portion of...
